KKR’s Spurned Offer for Treasury Puts Focus on Penfolds
date:Jul 15, 2014
largest wine company. Brewer Fosters expanded its own wine assets by acquiring Southcorp in 2005, and renamed the whole wine business Treasury Wine Estates before listing it as a stand-alone company in 2011.

Talks with KKR, which started in April, broke off when Treasury found that a shareholder had been told of the bid, forcing disclosure.

Representatives for KKR, Pernod and Constellation declined to comment when contacted by Bloomberg News.

CEO Clarke has been reviewing the companys busines
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